Reported 1 day ago
Claiming Social Security at the full retirement age of 67 may seem standard, but it carries significant risks and potential downsides. Retirees must consider factors such as the likelihood of outliving their savings, the impact of market fluctuations, and the implications for survivor benefits for spouses. While delaying benefits until age 70 offers a potential 24% increase in monthly payments, the choice requires careful consideration of individual circumstances and financial needs.
Source: YAHOO